Active

$525,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 1387 sq ft
Overview
  • ID: MFRFC310329
  • Bedrooms:
  • Bathrooms: 0
  • Size: 1387 sq ft
Property Details
Remarks
Outstanding Investment Opportunity with 8% Cap Rate This 4,400 sq. ft. insulated, steel-framed metal building is fully leased to a long-term tenant, offering reliable passive income. Positioned on a 0.21-acre lot, the property features a flexible layout that can accommodate a wide range of commercial uses—making it ideal for investors seeking stable returns and future adaptability. Featuring a front retail space with office and one bathroom, and a spacious warehouse area with a roll-up door, this property provides seamless functionality and flexibility. The warehouse area boasts 10 to 13 ft. ceiling heights and durable concrete floors, ensuring easy maintenance and adaptability for storage, production, or distribution operations. Strategically positioned on the high-traffic corner of Reid & 6th Street, this location offers excellent visibility and accessibility for both customers and employees. The site includes ample parking, enhancing convenience for various commercial uses. Zoned C-2 Commercial General Light, this property accommodates a wide range of business types. The annual insurance cost is approximately $2,193.23, and the current property taxes are $2,544.00. There is a long-term tenant, a Vape Shop, with 3 years left on their lease currently paying annually $47,628.00.
Financial Considerations
Price:
$525,000
HOA Fee:
N/A
Tax Amount:
$2650.24
Price per SqFt:
$119.32
Tax Legal Description:
DICKS MAP OF PALATKA MB2 P46 BLK 36 S 100FT OF LOT 6 (EX MCCBK16 P568 HWY)
Exterior Features
Lot Size:
9148
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Retail
Style:
N/A
Year Built:
1985
Construction Type:
Metal Frame, Metal Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    600 REID ST
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